3 ms·
> It is also the tail that imposes the maximum cost on your system / society. This is not true for every case. Excessive focus on tail risks (and moral hazard,
by glibassertion 8y ago
> It is also the tail that imposes the maximum cost on your system / society.
This is not true for every case. Excessive focus on tail risks (and moral hazard,) in fact, can be absurdly costly.
- village-idiot 8y agoSee: medicare fraud prevention.